The Central Bank of Nigeria has said it recovered N471.82bn as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year report for 2022, the recovery rate rose by 67.3 per cent from N282.3bn in the preceding half of 2021. The PUNCH reports that the Bank issued credit facilities as part of its development finance interventions in the critical sectors of the economy to improve access to credit, ensure price stability, and support job creation and economic recovery. However, repayment by beneficiaries had been a difficult task, forcing the bank to take extra measures. The report read, “Cumulative repayments from the Bank’s intervention programmes rose by 67.3 per cent to N471.82bn from N282.3bn in the preceding half. “The increase reflected an increased drive for loan-recovery and positive returns on the programmes.” On its beneficiaries, the report stated that a total of 240 projects, including on state-based project, and 95,091 individuals and businesses benefited from 17 intervention programmes by the Bank, in the review period.